United Kingdom - Bananas and Plantains - Market Analysis, Forecast, Size, Trends And Insights
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View PricingBanana and Plantain Price in the UK - 2023
Contents:
- Banana and Plantain Price in the UK (CIF) - 2023
- Banana and Plantain Price in the UK (FOB) - 2022
- Banana and Plantain Imports in the UK
- Banana and Plantain Exports in the UK
Banana and Plantain Price in the UK (CIF) - 2023
The average banana and plantain import price stood at $813 per ton in August 2023, reducing by -5% against the previous month. Over the period from August 2022 to August 2023, it increased at an average monthly rate of +1.1%. The pace of growth appeared the most rapid in November 2022 an increase of 18% m-o-m. The import price peaked at $864 per ton in March 2023; however, from April 2023 to August 2023, import prices stood at a somewhat lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was Ghana ($1,025 per ton), while the price for Cameroon ($298 per ton) was amongst the lowest.
From August 2022 to August 2023, the most notable rate of growth in terms of prices was attained by Guatemala (+3.4%), while the prices for the other major suppliers experienced more modest paces of growth.
Banana and Plantain Price in the UK (FOB) - 2022
In 2022, the average banana and plantain export price amounted to $896 per ton, falling by -28.4% against the previous year. Over the period under review, the export price showed a slight downturn. The pace of growth was the most pronounced in 2021 when the average export price increased by 25%. As a result, the export price reached the peak level of $1,252 per ton, and then dropped notably in the following year.
There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Germany ($22,828 per ton), while the average price for exports to the Netherlands ($877 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Germany (+31.7%), while the prices for the other major destinations experienced more modest paces of growth.
Banana and Plantain Imports in the UK
For the third year in a row, the UK recorded decline in overseas purchases of bananas and plantains, which decreased by -6.7% to 886K tons in 2022. Overall, imports showed a abrupt downturn. The smallest decline of -3.7% was in 2020.
In value terms, banana and plantain imports declined to $647M in 2022. Over the period under review, imports continue to indicate a perceptible slump. The smallest decline of -2.4% was in 2020.
| Import of Banana and Plantain in the UK (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Colombia | 225 | 219 | 207 | 188 | -5.8% |
| Costa Rica | 132 | 143 | 154 | 138 | 1.5% |
| Dominican Republic | 107 | 104 | 81.9 | 67.0 | -14.4% |
| Belize | 34.8 | 40.9 | 51.8 | 47.0 | 10.5% |
| Cameroon | 32.8 | 21.2 | 27.0 | 47.0 | 12.7% |
| Ecuador | 64.5 | 60.2 | 49.8 | 45.4 | -11.0% |
| Cote d'Ivoire | 21.6 | 12.8 | 18.2 | 25.5 | 5.7% |
| Panama | 21.9 | 22.4 | 24.2 | 21.9 | 0.0% |
| Nicaragua | 10.3 | 15.3 | 14.3 | 16.8 | 17.7% |
| Ghana | 22.3 | 23.7 | 17.5 | 14.3 | -13.8% |
| Guatemala | 11.9 | 12.7 | 11.5 | 13.7 | 4.8% |
| Ireland | 18.7 | 16.8 | 14.3 | 12.2 | -13.3% |
| Others | 42.1 | 35.0 | 26.9 | 11.4 | -35.3% |
| Total | 745 | 728 | 699 | 647 | -4.6% |
Top Suppliers of Banana and Plantain to the UK in 2022:
- Colombia (263.0K tons)
- Costa Rica (216.1K tons)
- Ecuador (76.1K tons)
- Dominican Republic (72.5K tons)
- Belize (57.0K tons)
- Cameroon (52.1K tons)
- Cote d'Ivoire (32.5K tons)
- Panama (31.5K tons)
- Nicaragua (25.5K tons)
- Guatemala (23.4K tons)
- Ghana (16.5K tons)
- Ireland (9.8K tons)
Banana and Plantain Exports in the UK
In 2022, overseas shipments of bananas and plantains were finally on the rise to reach 1.9K tons after two years of decline. Overall, exports, however, showed a dramatic setback.
In value terms, banana and plantain exports soared to $1.7M in 2022. In general, exports, however, continue to indicate a dramatic decline.
| Export of Banana and Plantain in the UK (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Ireland | 3.5 | 2.2 | 0.8 | 0.7 | -41.5% |
| Italy | 0.5 | 0.2 | N/A | 0.2 | -26.3% |
| France | 15.2 | 15.9 | 0.1 | 0.2 | -76.4% |
| Netherlands | 3.8 | 3.7 | 0.5 | 0.1 | -70.3% |
| Colombia | N/A | N/A | N/A | 0.1 | 0% |
| Spain | 0.7 | 0.3 | N/A | N/A | -57.1% |
| Belgium | 2.3 | 1.9 | N/A | N/A | -17.4% |
| Ghana | N/A | N/A | N/A | N/A | 0% |
| Others | 1.0 | 0.5 | 0.1 | 0.3 | -33.1% |
| Total | 27.0 | 24.8 | 1.4 | 1.7 | -60.2% |
Top Export Markets for Banana and Plantain from the UK in 2022:
- Ireland (540.5 tons)
- Italy (213.5 tons)
- France (166.4 tons)
- Netherlands (164.7 tons)
- Colombia (54.0 tons)
- Ghana (34.3 tons)
This report provides an in-depth analysis of the banana and plantain market in the UK. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- FCL 486 - Bananas
- FCL 489 - Plantains
Country coverage:
- United Kingdom
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in the UK
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
-
1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- COUNTRIES WITH TOP YIELDS
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION, HARVESTED AREA AND YIELD
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Yield And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Area Harvested, 2012–2023
- Yield, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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This report provides an in-depth analysis of the banana and plantain market in the UK.
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This report provides an in-depth analysis of the plantain market in the UK.
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This report provides an in-depth analysis of the banana market in the UK.
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This report provides an in-depth analysis of the global banana and plantain market.
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This report provides an in-depth analysis of the global plantain market.
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This report provides an in-depth analysis of the global banana market.
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This report provides an in-depth analysis of the banana and plantain market in the UK.
1112
This report provides an in-depth analysis of the plantain market in the UK.
1549
This report provides an in-depth analysis of the banana market in the UK.
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This report provides an in-depth analysis of the global banana and plantain market.
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In June 2023, the price of Plantain was $1,170 per ton (CIF, United Kingdom), increasing by 5.3% compared to the previous month.
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In July 2022, the banana price stood at $697 per ton (CIF, United Kingdom), declining by -2.5% against the previous month.
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The global banana market revenue amounted to $58.5B in 2017, therefore, remained relatively stable against the...
833
The global banana market revenue amounted to $X in 2017, flattening at the previous year. Overall, the total market indi...
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The global banana consumption stood at $X in 2016, which was X% more than the year before. This figure reflects total revenue of producers and importers (excluding logistics costs, retail marketing costs, and retailers’ margins, which will be incl
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Global banana consumption amounted to X thousand tons in 2015, going up by +X% against the previous year level.
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Global banana exports amounted to X thousand tons in 2015, reducing by -X% against the previous year level.
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Global banana imports amounted to X thousand tons in 2015, approximately equating the previous year level.
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Global banana production amounted to X thousand tons in 2015, rising by +X% against the previous year level.
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Global banana market had total revenues of X million USD in 2015, seesawing over the last three years, after a steady growth from 2007 to 2012.
